https://www.avient.com/products/polymer-additives/electrical-performance-additives
Create safer, statically dissipated parts for electronics, packaging, military, and healthcare applications.
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
https://www.avient.com/products/polymer-colorants/high-temperature-color-concentrates
We excel in developing targeted high-temperature colorant and additive packages you need to ensure your products perform as expected.
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
https://www.avient.com/products/polymer-additives/processing-enhancement-additives
Cesa™ Raise Heat Stability Modifier for APET Packaging
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
https://www.avient.com/products/polymer-additives/surface-modifier-additives
Eliminate fogging to maintain clarity on food packaging and greenhouse or horticultural films.
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
https://www.avient.com/products/polymer-additives/biopolymer-colorants-and-additives
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
Help protect or enhance the performance of polymers used in medical devices, diagnostics and pharmaceutical packaging.
https://www.avient.com/products/polymer-additives/chain-extender-additives
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants
Sustainable Additives White Paper for Food and Beverage Packaging
https://www.avient.com/sites/default/files/resources/AVNT Fermium Conference - May 2023 w NonGAAP Recs.pdf
We partner with Brand Owners / OEMs, processors and
assemblers to enable their goals in applications like packaging,
healthcare, consumer goods, transportation, wire & cable,
building & construction and textiles.
National Defense
budget of $842 billion submitted to Congress
in Q1 2023
• European NATO members annual defense
spend expected to increase by up to 20%
Dyneema® is the world’s strongest fiber™
One of the highest strength to weight
ratios of any material on Earth
Direct relationships with industry leading
armor manufacturers
Resistant to most chemicals, UV, and
moisture to handle any environment
Avient Confidential 17
DEFENSE
Source: US Department of Defense, defense.gov, NATO17
Source:
TRANSPORTATION
• Increased EPA regulations requiring
improved fuel efficiency, enabled in part by
lower-weight vehicles
• Automakers preparing for 2/3 of U.S.
vehicles to be 100% electric by 2032
Lightweight panels that establish both
strength and stiffness resulting in
decreased energy usage, lower emissions
Long-lasting Color applications to resist
UV exposure, temperature fluctuations
and exceed the stylistic requirements of
global automakers
18
$130
$530
$0.60
$2.40
2023 GUIDANCE
19
Sales Adjusted EBITDA
$845
$3,400
Adjusted EPS
(in millions) (in millions)
CASH FLOW / LEVERAGE
20
• Maintaining free cash flow
and leverage guidance from
February earnings call
• IT investment to further
integrate acquired
businesses and capture
operational efficiencies
• Restructuring actions to
streamline operations and
improve profitability,
primarily in Europe
($ millions) 2023E
Cash Flow from Operating Activities 350$
Less:
Run-Rate CapEx (110)
CapEx for IT System Upgrade (25)
CapEx for Restructuring (15)
Total CapEx (150)
Free Cash Flow 200$
Adjusted EBITDA 530$
Net Debt / Adjusted EBITDA 2.9x
LONG-TERM REVENUE GROWTH DRIVERS
Growth Drivers
Long-Term
Growth Rate
Sustainable Solutions 8–12%
Healthcare 8–10%
Composites 10%
Asia / LATAM 5%
Other (GDP growth) 2–3%
Avient 6.5%
21
Sustainable
Solutions
32%
Asia / LATAM
Composites
Other (GDP
Growth)
39%
• Virtual presentation to be held
September 20, 2023
• The company will be
conducting an investor-focused
presentation around our
sustainability solutions portfolio
Avient Confidential 22
SUSTAINABILITY
INVESTOR DAY
22
$340M
$405M
$455M
$550M
$790M
$915M
2016 2017 2018 2019 2020PF** 2021 2022PF***
SUSTAINABILITY FOR A BETTER TOMORROW
Revenue From Sustainable Solutions* 2016-2022
($ in millions)
Organic Future Growth Revenue Assumptions From Sustainable Solutions: 8 - 12%
23
*Avient Sustainable Solutions definitions aligned with FTC 2012 Guide for the Use of Environmental Marketing Claims (“Green Guides”)
**2020 is Pro Forma to include full year of the Clariant Color business
***2022 is Pro Forma for the acquisition of Avient Protective Materials and the divestiture of Distribution
$1,175M
Lightweighting
Eco-Conscious
Recycle Solutions
VOC Reduction
Sustainable Infrastructure
Human Health & Safety
Reduced Energy Use
Bio-polymers
SUSTAINABILITY NEEDS BY MARKET
B&C
• Eco-Conscious
• Carbon footprint
• Resource
conservation
• Carbon footprint
• Bio based content
• Eco-Conscious
Automotive
• Light weighting
• Recycled Content
• VOC reduction
• Recycle Solutions
• Carbon Footprint
Packaging
• Recycle Solutions
• Food waste
reduction
Common Theme: CO2 Emission Goals
Increasing Single-Use Plastic Regulation
24
INVESTING
IN INNOVATION
S U S T A I N A B I L I T Y P O R T F O L I O
25
AP P EN D IX
28
RAW MATERIAL 2022 ANNUAL PURCHASES
Performance
Additives
Pigments
12%
TiO2
Dyestuffs
2%
Polyethylene
Nylon
Polypropylene
Styrenic Block
Copolymer
Other Raw
Materials
33%
~40% hydrocarbon based
(Grey shaded materials are hydrocarbon based,
includes portion of “Other Raw Materials”)
Non-hydrocarbon
based materials
• Cost inflation
decelerating,
particularly for
hydrocarbon-based
raw materials
2022 pro forma results for the acquisition of Avient Protective Materials
SEGMENT DATA
U.S. & Canada
40%
37%
18%
2022 PRO FORMA SEGMENT, END MARKET AND GEOGRAPHY
GEOGRAPHY REVENUESEGMENT FINANCIALS
24%
Building and
END MARKET REVENUE
$2,355M $402M
$1,300M $272M
Sales EBITDA
Specialty Engineered Materials
Color Additives and Inks
$592M$3,653M
(1)
9%
30
(1) Total company sales and adjusted EBITDA of $3,653M and $592M, respectively, include intercompany sales eliminations and corporate costs
C O L O R , A D D I T I V E S & I N K S
2022 REVENUE | $2 .4 B ILL ION
34%
38%
END MARKET REGION
31
34%
21%
Building &
1% Energy
2%
S P E C I A LT Y E N G I N E E R E D M AT E R I A L S
2022 PRO FORMA REVENUE | $1 .3 B ILL ION
END MARKET
52%
35%
REGION
32
19%
8%Industrial
9% Defense
Building &
32%
27%
14%
Building &
3%
1% Defense
1%
(18% of sales)
9%
2022 PROFORMA AVIENT REGIONAL SALES
BY END MARKET
27%
14%
17%
Building &
(37% of sales)Transportation
24%
12%
Building &
US &
Canada
(40% of sales)
56%
23%
Building &
1%
LATAM
(5% of sales)
3%
33
PEER COMPARISONS
AVIENT IS ASSET LIGHT
Capex / Revenue
2023E (%)
Avient Specialty
Other Specialty /
Note: Avient reflects 2023 estimated revenue of $3,400 and estimated run-rate CAPEX of $110M.
35
4 4
5 5 5
6
7
9
FREE CASH FLOW CONVERSION
Note: Free cash flow conversion calculated as (Adjusted EBITDA – Capex) / Adjusted EBITDA.
https://www.avient.com/sites/default/files/2024-10/Avient Announces Third Quarter 2024 Results.pdf
Khandpur added, "Latin America and Asia each delivered organic double-digit topline
increases of 27% and 11%, respectively, driven by growth in the packaging and consumer
markets.
The EMEA region's
organic revenues grew 5%, benefiting from share gains in packaging and continued strong
demand for defense applications."
2024 Outlook
"The year has continued to play out as we expected, and as we look at the fourth quarter, we
are in a position to narrow our full-year guidance," said Jamie Beggs, Senior Vice President and
Chief Financial Officer of Avient Corporation.
https://www.avient.com/sites/default/files/2021-09/neu-sales-terms-and-conditions.9-16-212.pdf
Buyer shall not use Seller’s name or trademarks in
any advertisements, product descriptions, packaging materials,
websites, or any other promotional materials, except with the
prior written consent of Seller.
17.
https://www.avient.com/products/vinyl-formulations/vinyl-plastisols-organosols
Cesa™ Raise Heat Stability Modifier for APET Packaging
Rejoin™ PCR Colorants